At the last check on Friday, ACM Research Inc.’s (NASDAQ:ACMR) stock was up $0.76, moving up 4.32 percent to $18.32. The average number of shares traded per day over the past five days has been 841,776 shares. 5 times new highs have been achieved over the past 5 days, with a $2.88 gain in that time frame. In the last twenty days, the average volume was 907,464, while in the previous 50 days, it was 789,444.
Since last month, ACMR stock rose 53.03%. Shares of the company fell to $11.82 on 08/03/23, the lowest level in the past month. A 52-week high of $17.97 was reached on 09/01/23 after having rallying from a 52-week low of $5.46. Since the beginning of this year, ACMR’s stock price has risen by 137.59% or $10.69 and marked a new high 19 times. However, the stock has increased by 1.94% since its 52-week high.
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ACMR stock investors should be aware that ACM Research Inc. (ACMR) stock had its last reported insider trading activity 9 days ago on August 23. Chen Fuping disposed of 105,000 shares for $15.00 on Aug 23. It resulted in a $1,575,000 divestment by the insider. Dun Haiping sold 32,098 shares at an average price of $13.85 on Aug 22. The insider now owns 855,090 shares following the transaction. On July 03, Feng Lisa sold 22,500 shares at $15.00 apiece. The transaction was valued at $337,500.
Valuation Metrics
Right now, ACM Research Inc. (ACMR) has a P/E ratio of about 17.85. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 2.36, the price-to-book (PB) ratio of 1.59.
Financial Health
In the three months ended June 29, ACM Research Inc.’s quick ratio stood at 1.20, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.02, and the total debt-to-equity ratio was 0.11. On the profitability front, the trailing twelve-month gross margin is 49.50% percent. In the year ended June 29, EBITDA margin amounted to 16.56%, whereas operating margins totaled 19.00%. Based on annual data, ACMR earned $183.62 million in gross profit and brought in $388.83 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.60%. Return on equity (ROE) for the past 12 months was 9.90%.
In ACM Research Inc.’s quarter-end financial report for June 29, it reported total debt of $15.9 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ACMR’s revenue rose 27.49% to $73.99 million during the quarter, while net income inched up to $143.64 million. While analysts expected ACM Research Inc. to report $0.12 quarterly earnings, the actual figure was $0.48 per share. During the quarter, the company generated $32.67 million in EBITDA. The liabilities of ACM Research Inc. were 483.53 million at the end of its most recent quarter ended June 29, and its total debt was $80.92 million. The value of shareholders’ equity is $60.02 million.
Technical Picture
This quick technical analysis looks at ACM Research Inc.’s (ACMR) price momentum. With a historical volatility rate of 71.72%, the RSI 9-day stood at 80.09% on 31 August.
With respect to its five-day moving average, the current ACM Research Inc. price is up by +18.56% percent or $2.88. At present, ACMR shares trade +46.73% above its 20-day simple moving average and +71.16% percent above its 100-day simple moving average. However, the stock is currently trading approximately +47.08% above its SMA50 and +104.44% above its SMA200.
Stochastic coefficient K was 94.42% and Stochastic coefficient D was 88.86%, while ATR was 0.99. Given the Stochastic reading of 95.96% for the 14-day period, the RSI (14) reading has been calculated as 75.22%. As of today, the MACD Oscillator reading stands at 1.45, while the 14-day reading stands at 2.53.
Analyst Ratings
Jefferies upgraded its rating on ACM Research Inc. (NASDAQ: ACMR) to a Buy in a note to investors on July 03, 2023. The analysts firm previously had an Underperform rating on the stock.ACM Research Inc. (ACMR) has been rated Buy by analysts. According to 0 brokerage firms, ACMR is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate ACM Research Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $18.00, the current consensus forecast for the stock is $13.00 – $32.00. Based on these forecasts, analysts predict ACM Research Inc. (ACMR) will achieve an average price target of $21.36.
